Golden Spike Develops $6.1M Apartment Property in East Nob Hill

Platinum Apartments is the new name of the residential project that was originally scheduled to enter the development phase in 2007, but got hit by the Great Recession. Currently, reports Albuquerque Journal, it is well into construction, planned to be finalized this summer.

The $6.1 million, 60,000-square feet, residential project is comprised of 75 units contained in four stories. The apartments range in size from 565 to 1,352 square feet and will be situated on the upper three floors. Each unit will feature a balcony or porch. The ground floor will contain 74 parking spaces, the leasing office, a fitness center, and other common space. The project is located in East Nob Hill, at the intersection of Silver Avenue and Sierra Drive.

Designed by Environmental Dynamics Inc., Platinum Apartments is planned to receive platinum certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design program. The project was officially undertaken by a limited liability company. The developer is Golden Spike Development, said developer Rick Goldman, a pioneer in Nob Hill redevelopment. Finalization of development is estimated for July.